Trump and Modi’s friendship deteriorates due to trade discussions and Russian oil
During his first term, President Trump developed a strong rapport with Indian Prime Minister Narendra Modi, hosting joint rallies in Texas and India, where he praised Modi as one of America’s most devoted friends. Modi was one of the first world leaders to visit the White House when Trump started his second term. However, relations […]
How Trump Achieved Victory in the Trade War Before It Even Began
A trade rebellion that never happens In mid-July, an appeal from Financial Times columnist Martin Wolf emerged, urging a response to President Trump’s new tariff strategy. He labeled the move not just irrational but also a moral failing, suggesting that U.S. trading partners should retaliate. According to him, America had been “cheated,” and it was […]
Today’s Forex: Attention on trade policy discussions and RBI decision
The US Dollar (USD) continued its positive trajectory at the beginning of the week, gaining ground amid ongoing discussions regarding trade policies from the White House, speculation about potential Federal Reserve cuts, and questions surrounding who will succeed Jerome Powell. Meanwhile, the focus is shifting to the Reserve Bank of India (RBI), which is expected […]
Mets made a significant move for Byron Buxton at the trade deadline
The Mets made a move to strengthen their center field by acquiring Cedric Mullins right at the trade deadline, but they initially looked at bigger options. They reached out to Byron Buxton’s agent, BB Abbott, to explore whether the star outfielder would consider waiving his no-trade clause to be traded from the Twins. As reported, […]
US Trade Gap Falls to Almost a 2-Year Low
The U.S. trade deficit dropped to its lowest mark in almost two years in June, with the gap between the U.S. and China reaching a level not seen in over two decades. Between May and June, the total trade deficit decreased by 16%, equivalent to $60.2 billion. Since assuming office, President Trump has employed tariffs […]
The figures in Trump’s EU trade agreement are ridiculous.
Recently, President Trump announced a trade agreement with the European Union, describing it as a transformative update to the Transatlantic Alliance. He mentioned it allows Americans unprecedented market access and boosts the U.S.’s standing in global investment and advanced manufacturing. Critics have been vocal regarding the EU’s approach, citing a tendency to yield to pressure. […]
TSMC reveals possible theft of trade secrets, three individuals detained in Taiwan
The largest semiconductor manufacturer in Taiwan, known for being the biggest chip maker globally, announced on Tuesday that it had uncovered some “fraudulent activities” involving employees likely engaged in stealing trade secrets associated with advanced computer chips. TSMC, which produces chips for big names like Apple and Nvidia, reportedly terminated several employees and alerted Taiwanese […]
Raiders unexpectedly trade Jakorian Bennett to the Eagles
Eagles Make a Trade with the Raiders The Eagles are always busy with moves and trades. On Monday night, they dealt interior defensive lineman Thomas Booker to the Raiders in exchange for cornerback Jacolian Bennett. Booker, who is 25, was picked by the Texans in the fifth round of the 2022 draft. He later became […]
Trump focuses on energy in trade discussions, but details are lacking
President Trump is making an effort to prioritize U.S. energy in his trade talks, although specifics have been somewhat vague. The outcomes seem almost dreamlike. Recently, the Trump administration struck a deal with the European Union, which entails that the EU will acquire “US $700 billion in energy” by 2028. The EU has mentioned plans […]
USD/CHF rises close to 0.8100 due to US-Swiss trade tensions
The USD/CHF is expected to strengthen to around 0.8090 during the early European session on Tuesday. From August 7th, Swiss imports will be subject to a 39% tariff from the US, impacting the Swiss franc significantly. A disappointing US Non-Farm Payroll report has raised speculation that the Federal Reserve may resume rate cuts in September. […]